You are browsing as a guest. Register to access key data for free.
Property profile

3200 1st St San Jose, CA 95134

OFF-MARKET
Life science properties
Property ID
US10-3255773
View Sample
85,017 SF 3.88 ac lot Built 1997
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Class A office and R&D property, located at 3200 N 1st St, San Jose, CA 95134, offers 85,017 square feet of single-tenant space. Situated on a generous 4.799-acre lot, the building boasts a modern design, constructed in 1997, and features two stories with impressive 22-foot ceiling heights. The property is ideally suited for a variety of uses, catering to both executive office and research & development needs. Convenient access is provided by three dock-high doors and one drive-in door, ensuring efficient loading and unloading. Ample power is available with a 2,000-amp, 408/277-volt, 3-phase electrical service. Parking is accommodated by three total spaces. The building's strategic location in Santa Clara County, near Innovation Dr, offers excellent visibility and accessibility. This is a rare opportunity to lease a substantial, high-quality space in a prime San Jose location. The property is currently vacant and ready for immediate occupancy. This single-tenant building presents a unique chance to establish a significant presence in a thriving market. The property's size, features, and location make it an ideal choice for a company seeking a modern and functional workspace.

Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1997
Construction TILT-UP CONCRETE
Total area 85,017 SF
Lot 3.88 ac (169,013 SF)
Zoning code IP
APN 097-09-037
UPID US10-3255773

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$25.63M
Blend (final) Blend
$23.69M

Owner & transaction history

since 2018
Last sale
$22.7M
7 recorded transactions
2018
$30.2M
2018
$30.2M
2017
Price N/A
2011
Price N/A
2005
Price N/A
2004
Price N/A
2001
Price N/A

Zoning & alternative use

IP · San Jose, CA
Zoning description

An important difference between this designation and the IP Industrial Park designation is that the site design for development in the TEC Transit Employment Center District should support more intensive, transit-oriente…

General category INDUSTRIAL
Top alternative use upside
Warehouse, storage $38.9M +71.3%
Office building $33.4M +47.0%
Apartment house (5+ units) $31.1M +37.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3200 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message